Top MBA Colleges in Indore 2024-2025: Ranking, Fees, Cut-off, Courses, Placements, Admission

Written By universitykart team | Last updated date Nov, 14, 2024

Top MBA Colleges in Indore - Check the list of the best MBA colleges in Indore with ranking, fees, cut-off, admission, brochure, placements, reviews, entrance exams, and eligibility criteria.

An MBA is a 2-year postgraduate course that covers the fundamentals and advanced topics related to the management discipline. Some of the top MBA specializations include Human Resources, Finance, Marketing, Organizational Behavior, Management Principles, and so on. An MBA degree can improve an individual's skills and abilities and make them sufficient to work at managerial levels, thereby opening doors to countless career opportunities. A total of 92 MBA colleges in Indore offer MBA courses in many specializations. 85 are Private and 7 are government colleges. The best MBA colleges in Indore include Medi-Caps University, Indian Institute of Management, Amity University, etc. 

One of the most buzzing cities of Madhya Pradesh in India is Indore. It has a rich history. Here, two great cultures of the world blend. It has the Rajwada Palace and Lal Bagh Palace. They are attractive. It also has busy markets, like Sarafa Bazaar and Chappan Dukan. Indore has delicious street food and famous food markets. Many places are wild with festivity. Indore's greatness lies in its climate and opportunities. They make it a top place to visit or live in.

Top MBA Colleges in Indore 2024-25: Highlights

An MBA is a two-year, postgraduate program. It develops business skills and leadership. It's a degree that combines theory with practice. It grooms students to manage business operations. The program emphasizes a deep business, finance, marketing, HR, and operations knowledge. It covers both theory and practice. An MBA certifies individuals in strategic thinking, problem-solving, and decision-making. This makes them eligible for top management jobs in various industries.

The below table indicates the key lights of the MBA colleges in Indore:

Particular

Value

MBA Full Form

Master of Business Administration

MBA Courses Level

Post Graduation

Types of MBA Courses

Full-Time MBAPart-Time MBADistance MBAOnline MBAExecutive MBA and Integrated MBA

MBA Courses Fees

INR 10,000- INR 10,00,000

MBA Courses Eligibility Criteria

Undergraduate Degree Programme

Admission Process for MBA Courses

Entrance Exam + Group Discussion + Personal Interview

Top Entrance Exams for MBA Courses

CAT, XAT, CUET PG, CMAT, ATMA, etc.

Top Specialisations in MBA Courses

Sales, Marketing, Operations, Finance, Human Resources, Digital Marketing and Business Analytics

MBA Job Profiles

Finance Manager, Marketing Manager, Sales Manager, Human Resources Manager, etc.

MBA Average Salary 

INR 4 LPA - INR 36 LPA

MBA Top Recruiters 

Boston Consulting Group, McKinsey, Morgan Stanley, Citibank, HDFC Bank, JP Morgan Chase, Amazon, Flipkart Facebook, Google, Adobe, etc.

Top MBA college in Indore by NIRF Ranking

NIRF stands for the National Institutional Ranking Framework, a system developed by the Government of India to rank Higher Education Institutions in the country based on certain criteria designed by the Ministry of Education (MoE). The NIRF rankings were introduced in 2015 to assess Indian Universities and Colleges based on various parameters. Some of the top MBA colleges in Bhopal placement-wise are also ranked by the NIRF in the list.

Given below are some of the college that offers MBA courses in Indore based on NIRF Ranking institutions:

NIRF Rank

College Name

08

IIMI - Indian Institute of Management, Indore

101-125

Medi-Caps University, Indore

What is an MBA?

In MBA classes, students dive into fundamental subjects like Finance Operations, Marketing, Human Resources, and Entrepreneurship. These MBA subjects are taught via classes as well as group projects, case studies as well as experiential learning. The MBA classes at Top MBA Colleges in Indore generally cover a variety of subjects, such as ethical business practices, organizational behavior economy, analysis of data, and the process of making decisions.

Why Study MBA Courses?

MBA can help you improve your skills and gain exposure that you did not get from a bachelor's degree. There is no other degree that MBA is focused on enhancing the soft skills of communicating in a business setting as well as leadership, problem-solving teamwork, and negotiation. When you pursue an MBA from a Top MBA College in Indore you gain an understanding of management and business areas.

Promising Career: A Promising Career most straightforward method to boost the career of your choice is to pursue an MBA. Master of Business Administration. Students are focused on the career opportunities that come with an MBA. It's becoming more important to possess managerial capabilities and experience as the world gets ever more competitive.

Develops Management Skills: Many MBA specializations allow students to focus on a specific area of management in business. Each one of the specializations assists students in establishing careers in that specific field.

High Salary: Upon completion of the MBA course from Top MBA Colleges in Indore, almost every student is given an increase. Students can pick their dream employers through the placement options that colleges offer. Based on the institution, the average MBA pay ranges between INR 7,00,000 to INR 9,00,000. However, it could go as high as INR 15,00,000 up to INR 20,00,000 in certain instances.

Entrepreneurship Abilities: Ability to Become Entrepreneurial Learn about running an enterprise. For students who have family businesses, this can be particularly helpful. The business will function more efficiently and earn higher returns due to this method.

MBA course in Indore

(1). Full-Time MBA in Indore

MBA is a regular two-year full-time course offered by MBA College in Indore. Candidates can find the classroom environment for theoretical courses, internships, and projects based on practical knowledge.

(2). Part-Time MBA in Indore

The Part-time MBA program is the best course for working professionals. It is not a residential program. Anyone who wants to improve their management skills can opt for this program.

(3). Distance MBA in Indore

MBA Distance learning course is a two-year postgraduate MBA correspondence management program. Distance-learning MBAs are best suited for students who will not be able to start a regular MBA. 

Top MBA college in Indore: Specialization

Specialization refers to the process of focusing on a specific area to develop deeper knowledge, skills, and expertise. Top MBA colleges in Indore offer the courses in a wide range of specializations. An enrolling candidate has many options to choose the specialization according to the field of interest and career goals. 

Here are some of the specializations offered by the top MBA colleges in Indore:

Data Science

Digital Entrepreneurship

Business Analytics & Big Data

Financial Markets

Logistics Management

International Marketing

International Trade Management

Entrance exams for MBA college in Indore

The entrance examination is an examination that educational institutions to check skills and IQ levels and select prospective students. CAT and MAT, XAT are some of the entrance tests on the score of which many top MBA colleges in Indore offer admission to the students. 

Here are some of the entrance exams accepted by top MBA colleges in Indore:

CUET PG CAT
GMAT XAT
MAT

Top MBA Colleges in Indore: Eligibility Criteria

The MBA eligibility depends on the type of MBA College in Indore. The basic MBA Eligibility criteria are mentioned below:

  1. Students must pass their studies and earn a minimum of 50% marks in any discipline from a recognized university.
  2. Top institutions like IIMs and IITs demand 60% for graduation.
  3. Students who belong to groups that are reserved like OBC, SC, and ST receive a 5% reduction in the percentage required in certain colleges.
  4. Students who are in the last year of their degree have the right to apply. They will need to provide evidence of their graduation within the time frame stipulated by the college.
  5. MBA is an option for professionals with certifications in CA/CS/ICWAI.

Top MBA Colleges in Indore: Admission Process

The process of admission for MBA courses consists of a series of stages that are the same as the majority of management schools in Indore. Here are the phases that every MBA candidate must complete to be eligible for admission to an MBA.

  1. First step, apply for the MBA entrance exam is which recognized by the schools that you are seeking admission to. Examine all the requirements for the entrance exam and make sure that you can meet them.
  2. If you can pass the entrance test and you have the minimum cutoff you will be contacted for a selection round. Students must sign up to participate in the counseling process and satisfy all the criteria.
  3. Based on the test scores, candidates are shortlisted for Group Discussions and Writing Ability Tests, or Personal Interview rounds. MBA colleges that offer direct admission to MBA on a merit-based basis, also conduct interviews with their students.
  4. Following the evaluation of candidates based on entrance exam results academic performance and their work experience (if there is any) the final list of the students selected will be released.
  5. Students who have been assigned seats in the MBA college must complete the report (offline or via the Internet) and pay the admission fee

Top MBA college in Indore 2024-25

MBA colleges in Indore have good brand value in terms of quality education, faculty teaching experience, and placements. MBA program not only focuses on core management principles but also emphasizes leadership, innovation, and global business perspectives. Thus the alumni have an effective channel through which they can network. They have good employability in some of the leading firms of the globe. In Indore, there are around 92 colleges for MBA among which the number of privately owned colleges is 85 and the rest 7 are government colleges.

Here are some of the top MBA colleges in Indore that offer MBA courses within the city:

College Name

Total Tuition Fee (INR)

Prestige Institute of Management and Research - [PIMR], Indore

INR 1,59,000

Govindram Seksaria Institute of Management & Research - [GSIMR], Indore

INR 65,500

Institute of Business Management & Research - [IBMR], Indore

INR 1,15,000

Jaipuria Institute of Management, Indore

INR 6,40,000

Renaissance University - [RU], Indore

INR 1,31,000

Oriental University - [OU], Indore

INR 42,000

Medi-Caps University, Indore

INR 1,30,000

IIMI - Indian Institute of Management, Indore

INR 9,04,711

Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore

INR 41,601

Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore

INR 1,25,515

Devi Ahilya Vishwavidyalaya, Indore

INR 61,500

Dr. B. R. Ambedkar University of Social Sciences, Indore

INR 30,590

International Institute of Professional Studies - [IIPS], Indore

INR 68,600

Directorate of Distance Education, Devi Ahilya Vishwavidyalaya - [DDE DAVV], Indore

INR 36,000

Indore Management Institute and Research Centre - [IMI], Indore

INR 39,000

Lal Bahadur Shastri Institute of Technology and Management - [LBSITM], Indore

INR 55,000

Shivajirao Kadam Group of Colleges, Indore

INR 80,000

SAGE University, Indore

INR 90,000

Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore

INR 9,00,000

Shri RGP Gujarati Professional Institute - [SRGPGPI], Indore

INR 54,870

Top Government MBA Colleges in Indore

There are around 7+ government MBA colleges in Indore, with affordable fees and prestigious names. It is one of the main reasons that most of the candidates prefer the top MBA colleges in IndoreAs government colleges have limited seats and high com that are owned by the government. Additionally, they also get facilities like well-qualified faculty members, eminent alumni, state-of-the-art laboratories, high-quality education, and excellent accreditation. petition, they only accept students who clear entrance exams with maximum marks and have high merits. Top government MBA colleges in Indore also provide scholarships to deserving candidates. 

Here are some of the top Government MBA colleges in Indore that offer MBA courses:

College/ University Name

Average Fees (INR) 

IIMI - Indian Institute of Management, Indore

INR 9,04,711

Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore

INR 41,601

Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore

INR 1,25,515

Devi Ahilya Vishwavidyalaya, Indore

INR 61,500

Dr. B. R. Ambedkar University of Social Sciences, Indore

INR 30,590

International Institute of Professional Studies - [IIPS], Indore

INR 68,600

Directorate of Distance Education, Devi Ahilya Vishwavidyalaya - [DDE DAVV], Indore

INR 36,000

Top Private MBA Colleges in Indore

There are around 85 privately funded top MBA colleges in Indore. As there is a huge craze among young students for Management courses private colleges are fulfilling the demands. Some of the colleges have affiliations with various MNCs, which increases the chances of students' placement after completion of the course. The best private MBA colleges in Indore include Prestige Institute of Management and Research, Jaipuria Institute of Management, Renaissance University, etc. These colleges are also listed in the top-ranked colleges for MBA in Indore.

Here are some of the top private MBA colleges in Indore that offer MBA courses within the city:

College Name

Total Tuition Fee (INR)

Prestige Institute of Management and Research - [PIMR], Indore

INR 1,59,000

Govindram Seksaria Institute of Management & Research - [GSIMR], Indore

INR 65,500

Institute of Business Management & Research - [IBMR], Indore

INR 1,15,000

Jaipuria Institute of Management, Indore

INR 6,40,000

Renaissance University - [RU], Indore

INR 1,31,000

Oriental University - [OU], Indore

INR 42,000

Medi-Caps University, Indore

INR 1,30,000

Indore Management Institute and Research Centre - [IMI], Indore

INR 39,000

Lal Bahadur Shastri Institute of Technology and Management - [LBSITM], Indore

INR 55,000

Shivajirao Kadam Group of Colleges, Indore

INR 80,000

SAGE University, Indore

INR 90,000

Narsee Monjee Institute of Management Studies -[NMIMS Deemed to be University], Indore

INR 9,00,000

Shri RGP Gujarati Professional Institute - [SRGPGPI], Indore

INR 54,870

Top MBA Colleges in Indore for Finance

  1. Devi Ahilya Vishwavidyalaya, Indore
  2. Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore
  3. Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore
  4. Dr. B. R. Ambedkar University of Social Sciences, Indore
  5. International Institute of Professional Studies - [IIPS], Indore

Top MBA Colleges in Indore for Marketing

  1. Institute of Business Management & Research - [IBMR], Indore
  2. Lal Bahadur Shastri Institute of Technology and Management - [LBSITM], Indore
  3. Oriental University - [OU], Indore
  4. Malwa Institute of Technology - [MIT], Indore
  5. Symbiosis University of Applied Sciences- [SUAS], Indore

Top MBA Colleges in Indore for Human Resources Management

  1. IIMI - Indian Institute of Management, Indore
  2. Devi Ahilya Vishwavidyalaya, Indore
  3. Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore
  4. Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore
  5. Dr. B. R. Ambedkar University of Social Sciences, Indore

MBA Colleges in Indore Accepting CAT

  1. IIMI - Indian Institute of Management, Indore
  2. Institute of Business Management & Research - [IBMR], Indore
  3. Jaipuria Institute of Management, Indore
  4. Indore Management Institute and Research Centre - [IMI], Indore
  5. Lal Bahadur Shastri Institute of Technology and Management - [LBSITM], Indore

Scholarships: MBA College in Indore

Scholarships are also provided by Most of the Best MBA Colleges in Indore. The Scholarships are Mostly Academic-based and Need-based. The scholarships are given to students to nurture their talent, appreciate their past academic record, and remove the Hindrance of fees for studying to needy Students.

Top Recruiters: MBA College in Indore

The top recruiters for MBA colleges in Indore include Citi, Amazon, Tata Motors, Deloitte, McKinsey, PwC, and HUL have been regular participants in the placement process. The average salary package offered in the MBA college of Indore is INR 2,00,000-80,00,000 PA.

ROI for MBA college in Indore

ROI or Return On Investment is the ratio of total investment in education to salary offered to the students after placement. It is one of the most important factors when considering top MBA colleges in Paryagraj. MBA colleges are expensive and demand a lot of hard work during the course. So, a student should choose an MBA college that is affordable and has a better placement record, thus a superior ROI.

Following are some of the colleges with their average salary and course fees are as under:

College/ University Name

Average Fees (INR) 

Annual Placement Package

IIMI - Indian Institute of Management, Indore

INR 9,04,711

INR 25,68,000
Prestige Institute of Management and Research - [PIMR], Indore

INR 1,59,000

INR 4,41,000

Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore

INR 1,25,515

INR 26,11,000
Govindram Seksaria Institute of Management & Research - [GSIMR], Indore

INR 65,500

INR 4,00,000
Jaipuria Institute of Management, Indore

INR 6,40,000

INR 12,34,000
International Institute of Professional Studies - [IIPS], Indore

INR 68,600

INR 5,13,000
Medi-Caps University, Indore

INR 1,30,000

INR 6,50,000






Top MBA colleges in Indore: FAQ

Ques. How many MBA colleges are in Indore?

Ans. A total of 92 MBA colleges in Indore (Madhya Pradesh).

Ques. What is the admission process for an MBA in Indore?

Ans. You can get admission to the MBA program at Indore College by qualifying exams like CAT, CMAT, MAT.

Ques. Who is eligible for an Executive MBA in MDI Indore?

Ans. A minimum of 50% marks in class 10th, 12th, and Bachelor's Degree or equivalent CGPA, and. Candidates should have a minimum of 5 years of post-qualification executive work experience.

Ques. Is there any entrance exam at Indore University for an MBA?

Ans. The University offers two Management programs: MBA and Integrated MBA. IndoreUniversity MBA and Integrated MBA cover a duration of two and five years respectively.

Ques. Is MBA safe for the future?

Ans. One of the primary reasons to choose an MBA is the potential for good returns in the future. You invest your time and money not only in a degree but also in upgrading your career prospects, earning potential, and overall professional stature.

Ques. What are the criteria for an MBA at Indore University?

Ans. An applicant has obtained a minimum of 50% aggregate marks in 10+2 from the Haryana Board or equivalent. 2.5% relaxation in the qualifying examination is given to SC/ ST/ Divyang candidates of Haryana.

Ques. Is it necessary to do an MBA from a top college?

Ans. Top recruiters prefer to recruit MBA graduates who have acquired MBA degrees from one of the best JMBA colleges in India. So if you study at a top college chances of you being recruited by top companies in India and abroad will increase tremendously due to the college's already established reputation.

Ques. What is the highest package in Indore MBA?

Ans. INR 1 Cr.

Ques. Is an MBA from Indore University worth it?

Ans. Indore University seems to be a good option for pursuing an MBA degree. Almost 80% of students are placed in the college, and corporate training is provided regularly. The highest salary package offered is from 5 LPA to 6 LPA, and the average salary package offered is from 4-5 LPA.

Ques. Which MBA college has the highest average package?

Ans. IIMI - Indian Institute of Management, Indore

Ques. Is the Marketing branch the best course in MBA for a higher salary?

Ans. Yes, the Marketing branch is the best course in MBA for a higher salary.

Ques. Which college is best for Marketing placement?

Ans. IIMI - Indian Institute of Management, Indore

Ques. Which college is best in Indore for a MBA degree?

Ans. Here are some of the best MBA colleges in Indore.

  1. Devi Ahilya Vishwavidyalaya, Indore
  2. Shri Atal Bihari Vajpai Govt Arts and Commerce College - [GACC], Indore
  3. Shri Govindram Seksaria Institute of Technology and Science- [SGSITS], Indore
  4. Dr. B. R. Ambedkar University of Social Sciences, Indore
  5. International Institute of Professional Studies - [IIPS], Indore

Ques. Do MBA colleges in Indore offer scholarships?

Ans. Many of Indore's top colleges for MBA offer several types of scholarships and financial aid to deserving students.

Ques. Which are the top MBA colleges in Indore for placement?

Ans. Indore top colleges for MBA are known for offering splendid placement packages to their students. If you are looking for Top MBA Colleges in Indore Best Placements details then check the MBA colleges in Indore for roi. We have created a list of the best MBA colleges in Indore according to their ROI which you can find in the above article.

Ques. How to get admission to top MBA colleges in Indore? 

Ans. Students seeking admission to MBA colleges in Indore need to clear their respective entrance test and follow the admission process of mba colleges in Indore decided by the college.

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